In April, That’s Shanghai, a local magazine, launched a poll of 950 foreigners living in Shanghai. 48% of the respondents said they would leave Shanghai within the next 12 months, even if they could not leave immediately. Another 37% said they would wait until the epidemic is over before deciding whether to leave.

Australian government figures show that between March and April this year, 594 citizens and permanent residents left Shanghai and returned to Australia.

An expat headhunter based in Shanghai told Reuters, Once the lockdown is over, expats in almost all industries will look for new career opportunities outside Shanghai.

According to research firm Resilinc, goods departing from Shanghai fell by a quarter between mid-March and early April.

Now, with 344 ships stranded at the port of Shanghai, the cost of shipping a container from Shanghai to the West Coast is about double what it was a year ago.

Multinational companies such as Apple, Amazon, and Adidas have all publicly issued statements saying that their supply chains are disrupted due to lockdown in Shanghai, a city that “handles 20% of China’s international trade.”

Taking Tesla as an example, its super factory in Shanghai is an important pillar to meet production capacity needs. According to CNN, in April, Tesla’s production plummeted to 10,757 vehicles due to the shutdown in Shanghai, an 81% drop from March.

Onsemi Semiconductor Corporation announced that after the unblocking, this corp would close its China global distribution center in Shanghai and transfer to Singapore and the Philippines.

According to the survey by the American Chamber of Commerce in Shanghai, 81% of respondents believed that Shanghai’s epidemic prevention measures hindered them from attracting or retaining skilled foreign workers.

Nearly 23 percent of European companies in China are reconsidering whether to relocate planned investments to another country. This ratio is at its highest level in a decade.

Shuichi Akamatsu, Consul General of Japan in Shanghai, in April, also sent a letter to Shanghai Vice Mayor Zong Ming last month, saying that local Japanese-funded enterprises face many difficulties due to epidemic prevention measures, and production and operation have been unable to operate normally for more than a month.

These include well-known companies such as Sony, Mitsubishi, and Sharp. As a result, Japanese companies had to start moving production and manufacturing to other regions and abroad.

According to data from the General Administration of Customs of China, U.S. dollar-denominated exports rose 3.9 percent year-on-year in April, the slowest growth rate since June 2020, and a cliff-like drop compared to March’s 14.7 percent.

According to the American Chamber of Commerce in China, 58% of foreign companies surveyed said they had lowered their revenue forecasts in China for 2022, while 52% of respondents had delayed or reduced investment in China.

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